Niggercattle finance - Kiwi Farms' Caleb Hammer Moment

[Lt. H. DuBois]

For my first few years I was a total retard with my smoking habits. Unless I couldn't get them, I would always go for either Malboro Midnights or Newports. These typically run between 8-10 dollars, about 2 years ago made the switch to Lucky Strike menthol which are around 4 bucks.
So right there cut that expense in half just by not being an idiot and clinging to some sort of brand prestige with something as banal as cigarettes of all thongs

 

[Rei is Shit.]

I know a person who just buys new printers whenever the ink runs out on her current one.

 

[SIMIΔN]

I know a person who just buys new printers whenever the ink runs out on her current one.

Genius! Printers go on sale far more than the overpriced cartridges.

 

[Lone Wandering Courier]

I know a person who just buys new printers whenever the ink runs out on her current one.

I don't blame people for doing that when ink is more expensive than buying a new printer

 

[Audit]

The real genius play is to print shit at work as much as possible.

Ink's free if your boss pays for it.

 

[Fascist Kirk]

The real genius play is to print shit at work as much as possible.

Ink's free if your boss pays for it.

Run a buisness hire a lot of temps, I had this black kid loosing his gloves on the work site every day. Go out to his early 90's civic, with no plates unlocked, and in the back seat 30 pairs of un used work gloves I purchased. Nigger cattle finance

 

[LinkinParkxNaruto[AMV]]

An old friend of mine always used to tell this story about how he was buying stuff on some american electronic store when he was on vacation and saw people paying 80$ fee just to have a hard drive installed on their PCs. It was so retarded that it traumatized him.

 

[Lord of the Large Pants]

An old friend of mine always used to tell this story about how he was buying stuff on some american electronic store when he was on vacation and saw people paying 80$ fee just to have a hard drive installed on their PCs. It was so retarded that it traumatized him.

If that includes OS install that's not unreasonable. If not, that's retarded.

 

[likeacrackado]

Fintech companies are pushing thinly veiled payday loans.

Your local hoodrat payday loan place targets Trayquanda with 4 keeids who needs her nails done, the fintech bros target Amy with a girlboss job who needs to get some new dick.

I don't know why people who are up to their neck in debt don't just wash their hands of it and either temporarily nuke their credit by being a deadbeat borrower and stop paying (If they're threatening you with court you can always settle for pennies on the dollar) or declare bankruptcy rather than scrape by living like a pauper paying that debt off.

My guilty pleasure is watching a bunch of Ramsey/Hammer clips. One thing they're right about is that getting into/out of debt has more to do with behaviors than purely crunching numbers. Some people need to get in the shit and be forced to fix things or they never will. 'Loans consolidated? Whew, glad thats off my back. Time to buy a new truck!' They will go back into debt and never change their spending habits. Chances are if you had self-discipline and willingness to delay gratification you wouldn't be in multiple crimpling debts to begin with.

 

[Hollywood Hulk Hogan]

Run a buisness hire a lot of temps, I had this black kid loosing his gloves on the work site every day. Go out to his early 90's civic, with no plates unlocked, and in the back seat 30 pairs of un used work gloves I purchased. Nigger cattle finance

I'd say that's pretty genius. He got you (or the company) to buy him gloves that he can flip.

My guilty pleasure is watching a bunch of Ramsey/Hammer clips. One thing they're right about is that getting into/out of debt has more to do with behaviors than purely crunching numbers. Some people need to get in the shit and be forced to fix things or they never will. 'Loans consolidated? Whew, glad thats off my back. Time to buy a new truck!' They will go back into debt and never change their spending habits. Chances are if you had self-discipline and willingness to delay gratification you wouldn't be in multiple crimpling debts to begin with.

I am torn on Ramsey. His general theme is right (stay out of debt), but he also is a complete moron in a lot of areas:
1. His investment advice is complete trash. Buying funds through a "financial advisor" is just idiotic when the fees are what they are. He claims he can pick out funds that earn 12% annually and it's "easy" (again, he's full of shit here). Index funds will outperform the vast majority of actively managed funds and even more that have shitty load fees.
2. He says not to use any credit cards, even if paying it off each month. That is idiotic since cash back cards are a thing.
3. Snowball debt method is not the best method. Paying off the highest interest one first is much better.

Granted, his audience is generally financially stupid so maybe not using CCs is smart, but still. Then you add in his holier-than-thou boomerisms and his supposed lunacy behind the scenes and you wonder how the hell he made $100 million or whatever it is he's worth.

 

[likeacrackado]

1. His investment advice is complete trash. Buying funds through a "financial advisor" is just idiotic when the fees are what they are. He claims he can pick out funds that earn 12% annually and it's "easy" (again, he's full of shit here). Index funds will outperform the vast majority of actively managed funds and even more that have shitty load fees.
2. He says not to use any credit cards, even if paying it off each month. That is idiotic since cash back cards are a thing.

Agreed, he constantly repeats the 'just buy mutual funds and make 12% a year' meme to the point where you wonder why he invests in anything else. I understand the need to simply things to make a point for a wide audience(investing in the stock market can make you a lot of money in the long term), but his overall message is hurt by repeating an overly simplified half-truth. The no debt ever stuff only makes sense through the lense of a recovering drug addiction-like relationship with money. If you're financially responsible why not have a few cash back cards, pay off the balances, and use the cash back to help out occasionally? His retort of 'nobody gets rich off 2-3% back on a thousand dollars' ignores the point of working people benefiting from a few extra dollars and pretends its a get rich quick scheme.

He threw a fit last year after one of his underlings dared to tell people it isn't always a good idea to take out more than 3% a year in retirement. For a guy who loves to repeat boomerisms about rigged individualism Dave hates it when people deviate from his dogma.

 

[Hollywood Hulk Hogan]

Agreed, he constantly repeats the 'just buy mutual funds and make 12% a year' meme to the point where you wonder why he invests in anything else. I understand the need to simply things to make a point for a wide audience(investing in the stock market can make you a lot of money in the long term), but his overall message is hurt by repeating an overly simplified half-truth. The no debt ever stuff only makes sense through the lense of a recovering drug addiction-like relationship with money. If you're financially responsible why not have a few cash back cards, pay off the balances, and use the cash back to help out occasionally? His retort of 'nobody gets rich off 2-3% back on a thousand dollars' ignores the point of working people benefiting from a few extra dollars and pretends its a get rich quick scheme.

He threw a fit last year after one of his underlings dared to tell people it isn't always a good idea to take out more than 3% a year in retirement. For a guy who loves to repeat boomerisms about rigged individualism Dave hates it when people deviate from his dogma.

Yeah, his whole "nobody gets rich off 2-3% back on a thousand dollars" is completely stupid. $20 a month or whatever isn't a lot, but in a year that is $240. That's not too shabby at all. I rotate through a few different cash back cards (some give more cash back on different things) and clear $400 a year on that. That's a solid chunk of change. Plus it builds credit in case they ever do need to take out a loan for a mortgage or whatever.

His car advice is also ridiculously bad. You're better off paying a bit more, even with a low interest loan, and getting something reliable that will last you 10-15 years than blowing $4000 on a beater that you'll need to replace in 12 months.

 

[reptile baht spaniard rid]

The key for ramsey et al is realizing that these niggers who watch him will NEVER be bogleheads. They will never “just use the card for necessities” to get rewards, they will maximize all debt repeatedly and sell themselves as usury slaves to the jew at every possible opportunity.

 

[JohnnyG]

1. His investment advice is complete trash. Buying funds through a "financial advisor" is just idiotic when the fees are what they are. He claims he can pick out funds that earn 12% annually and it's "easy" (again, he's full of shit here). Index funds will outperform the vast majority of actively managed funds and even more that have shitty load fees.

I'm not sure how he's framing it, but this may be to avoid the SEC's very heavy-handed stance on financial advising and all the licensing/compliance/etc rules that come with it. He can't just say "pick between VTI, SPTM, and ITOT for total market exposure and you'll earn 8-10% while paying 0.05%" like randos on the Boglehead forums can. You'll notice Caleb Hammer constantly backpedal with "this is not financial advice" even though it's very basic.

2. He says not to use any credit cards, even if paying it off each month. That is idiotic since cash back cards are a thing.

The no debt ever stuff only makes sense through the lense of a recovering drug addiction-like relationship with money. If you're financially responsible why not have a few cash back cards, pay off the balances, and use the cash back to help out occasionally?

I think it's more that the typical person with debt problems isn't equipped to optimize their behavior and come out ahead (and the ones who can don't need debt advice). So better to just avoid it entirely vs. risk overspending to chase rewards or have a single missed payment undo 6 months of rewards.

3. Snowball debt method is not the best method. Paying off the highest interest one first is much better.

Sure, but there's a pretty strong psychological component, and scoring easy wins by knocking out small balances may outweigh the slightly higher payback if it lets you score some early wins, build momentum, create good habits, and mentally declutter.

 

[Hollywood Hulk Hogan]

I'm not sure how he's framing it, but this may be to avoid the SEC's very heavy-handed stance on financial advising and all the licensing/compliance/etc rules that come with it. He can't just say "pick between VTI, SPTM, and ITOT for total market exposure and you'll earn 8-10% while paying 0.05%" like randos on the Boglehead forums can. You'll notice Caleb Hammer constantly backpedal with "this is not financial advice" even though it's very basic.

No, he does it because he gets paid a lot of money by "financial advisors" (who are essentially salesmen who sell high-priced mutual funds to rubes who don't know what index funds are) to say that the ones from his group are the best and to use them

Saying "throw the money in VTI" wouldn't be breaking any SEC rules. Warren Buffett says it all the time.

 

[Pendulous Dong]

I work in a profession that makes pretty good money if you stay in one place, and pretty great money if you don't. Something I always ask people is what their first big stupid purchase was when they got their first paycheck. Some of my favorite answers, in ascending order of how entertaining I personally found them:

- Got a down payment on a house
- Paid off student loans
- Bought stocks/crypto
- Bought a bunch of jewelry and shoes
- Bought multiple guns and accessories
- Bought a car
- Sold their car, bought an RV
- Got a gastric sleeve surgery, gained weight afterward by drinking fruit juices
- Sold their house, used the equity to get a down payment on a new BMW M5, lost their housing stipend because they no longer had a permanent address, had to sell the car, is still making payments on it to this day
- Started spending $750-$1,000 per week on Asian massage parlors, went home, got divorced because his wife found out, lost his house and kids, flew across the country to propose to the one girl he was seeing multiple times a week, got rejected, calls me months later asking me to move in with him because we worked together so well bro come on it'll be great

Anyway this is all to say that spending money on stupid shit isn't inherently bad. Everyone spends money on things they don't need, but make sure that you're not actively fucking your life up by doing so.

 

[No Batty Boys in Jamaica]

On that note...

I can keep my shitbox running forever but I’m thinking it might finally be time for a new(er) car.

I’ve noticed a recent uptick in good deals on cars that meet my criteria. Please Tyrone, default on your car loan so I can get a car that was made somewhat recently.

I work in a profession that makes pretty good money if you stay in one place, and pretty great money if you don't. Something I always ask people is what their first big stupid purchase was when they got their first paycheck. Some of my favorite answers, in ascending order of how entertaining I personally found them:

- Got a down payment on a house
- Paid off student loans
- Bought stocks/crypto
- Bought a bunch of jewelry and shoes
- Bought multiple guns and accessories
- Bought a car
- Sold their car, bought an RV
- Got a gastric sleeve surgery, gained weight afterward by drinking fruit juices
- Sold their house, used the equity to get a down payment on a new BMW M5, lost their housing stipend because they no longer had a permanent address, had to sell the car, is still making payments on it to this day
- Started spending $750-$1,000 per week on Asian massage parlors, went home, got divorced because his wife found out, lost his house and kids, flew across the country to propose to the one girl he was seeing multiple times a week, got rejected, calls me months later asking me to move in with him because we worked together so well bro come on it'll be great

Anyway this is all to say that spending money on stupid shit isn't inherently bad. Everyone spends money on things they don't need, but make sure that you're not actively fucking your life up by doing so.

I guarantee you there are people with similar pay rates who

-got gender surgery
-bought a fursuit
-saw a dominatrix
-got plastic surgery
-bought sex toys
-blew it on Keno
-blew it on weed
-spent it on custom sissy hypno

You might not know anyone but all of these things have definitely happened with someone’s first big payday.

 

[LaCreaturaDeLasAmerica]

Agreed, he constantly repeats the 'just buy mutual funds and make 12% a year' meme to the point where you wonder why he invests in anything else. I understand the need to simply things to make a point for a wide audience(investing in the stock market can make you a lot of money in the long term), but his overall message is hurt by repeating an overly simplified half-truth. The no debt ever stuff only makes sense through the lense of a recovering drug addiction-like relationship with money. If you're financially responsible why not have a few cash back cards, pay off the balances, and use the cash back to help out occasionally? His retort of 'nobody gets rich off 2-3% back on a thousand dollars' ignores the point of working people benefiting from a few extra dollars and pretends its a get rich quick scheme.

He threw a fit last year after one of his underlings dared to tell people it isn't always a good idea to take out more than 3% a year in retirement. For a guy who loves to repeat boomerisms about rigged individualism Dave hates it when people deviate from his dogma.

His intended audience aren't responsible people, they really are like drug addicts with money. I think Dave's primary drawbacks are 1) his weird claim that le heckin mutual funds will beat the market 2) his inability to disavow MLM (legal pyramid schemes) companies because some of his friend run these scams 3) his huge ego

He's a net positive, he's helped many a nigger cow improve their lives. I know many people who would solve 90% of their critical financial issues in a year of they blindly followed Ramsey.

 

[Cardinal Cardinal]

Genius! Printers go on sale far more than the overpriced cartridges.

The real genius play is to print shit at work as much as possible.

Ink's free if your boss pays for it.

I'd say that's pretty genius. He got you (or the company) to buy him gloves that he can flip.

Extremely low bars for genius.

 

[Angry Shoes]

1. His investment advice is complete trash. Buying funds through a "financial advisor" is just idiotic when the fees are what they are. He claims he can pick out funds that earn 12% annually and it's "easy" (again, he's full of shit here). Index funds will outperform the vast majority of actively managed funds and even more that have shitty load fees.

Agreed, the average dude can just buy SPY, VOO, or any other similar broad-market fund and get these same gains. People tend to overthink investing but there are ETFs and mutual funds anyone can buy that completely remove all the guesswork or the need for an actively managed account.